June in New York City brings a renewed sense of vitality, mirrored by the steady momentum in the real estate market. In May 2025, Manhattan's median home sold price reached $1,395.794, reflecting a 3.1% year-over-year increase. The median price per square foot stood at $1,415, indicating sustained demand for properties in the borough.

Brooklyn also demonstrated positive growth, with the median home sold price rising to $992.262, a 2.0% increase from the previous year. The median price per square foot was reported at $732, underscoring the borough's continued appeal to buyers seeking value and space.

Across New York City, the overall median home sold price in May reached $875,081, up 3.5% year-over-year. The median price per square foot across the city was $707, reflecting the diversity and resilience of the market.

As we move deeper into the summer season, the combination of limited inventory and sustained buyer interest continues to shape a competitive landscape. Whether you're considering buying, selling, or evaluating your property's position in the market, the Richard Steinberg Team is here to provide the expertise and insight needed to navigate with confidence.